Search Indian Wells homes for sale with California expert, Kimberly Oleson.
Indian Wells, CA Housing Market Trends
In October 2024, Indian Wells saw a significant surge in home prices, with the median price rising 34.7% year-over-year to $1.3 million. Despite this notable increase, homes took longer to sell, averaging 92 days on the market compared to 70 days the previous year. This extended time to sell may indicate buyers exercising more caution due to the sharp price hike. Additionally, only 9 homes were sold in October, down slightly from 10 sales last year. These trends suggest a growing demand for high-value properties in Indian Wells, but the limited number of transactions and longer market times highlight a potential cooling in overall buyer activity.
Indian Wells is a less competitive housing market. On average, homes take about 60 days to sell, and multiple offers are uncommon. Most properties sell for approximately 5% below the list price and go pending within 60 days. However, "hot" homes, which attract more buyer interest, can sell closer to the list price and go pending in around 34 days, highlighting a selective demand for standout properties.
In October 2024, Indian Wells, CA, was a buyer's market, meaning the supply of homes exceeded buyer demand. This environment offers buyers more options and negotiating power, often resulting in favorable conditions for those looking to purchase a home.
Thinking about purchasing a home in Indian Wells or have questions about the local market? We're here to help! With its buyer-friendly conditions, now is a great time to explore your options and find the perfect property. Contact us today to learn more about available listings, market trends, and how we can help you secure your ideal home in this stunning desert community. Don't wait—reach out now to get started!
Dive into our Indian Wells neighborhood guide to discover what makes this community truly special. From world-class golf courses and luxury living to local amenities and real estate insights, this guide has everything you need to know about life in Indian Wells. Start exploring now and see why so many choose to call this desert oasis home!
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Trust Kimberly to highlight the unique appeal of your property and attract the perfect buyers. With strategic marketing and personalized guidance, she ensures a seamless selling experience tailored to your goals. List confidently with Kimberly to maximize your property's potential in the market.
